News / International

Iran Signed 7 Deals with Foreign Oil Companies

National Iranian Oil Company (NIOC) has signed seven new initial agreements with firms including Austria's OMV, France's Total, Germany's Wintershall, Indonesia's Pertamina, Russia's Lukoil and Zarubezhneft to study the country's oil fields.

Gabon Resumed Production at Avouma 2-H Well

Vaalco Energy’s Avouma 2-H well on the Avouma platform offshore Gabon in the Etame Marin Permit has resumed production at a stable rate, with the well producing approximately 1,850b/d of oil.

CGG, Ghana Form JV For Marine Seismic Services

CGG has signed an agreement GOSCO to form a joint-venture (JV) company dedicated to conducting high-end 2D, 3D and 4D marine seismic acquisition and related services in the territorial waters of the Republic of Ghana

Tanzania to Import 400 MW in Power from Ethiopia

State-owned Tanzania Electric Supply Company’s Managing Director, Felchesmi Mramba, said that Tanzania will sign a 400 MW power purchase agreement with Ethiopia.

Vandals Halt Exploration at Kenya’s Block 2A

Simba Energy’s exploration activities at Block 2A in Wajir County in Kenya, is currently at a standstill as locals have destroyed part of the working equipment being at the site while protesting against the ongoing work by the company.

Uganda Granted Total, Tullow 8 Production Licenses

Uganda granted eight production licenses to France's Total and UK-listed explorer Tullow Oil, with a total investment expected at $8b in infrastructure to aid production including drilling wells and constructing processing facilities and feeder pipelines.

Angola Becomes Top Chinese Crude Supplier

Angola beat out Saudi Arabia and Russia in July to become China's largest crude supplier for the first time in 2016, as the Asian country's import amounted to 1.11mb/d of Angolan crude, marking a surge of 23.3% over the same period last year.

Nigerian Army Attacks Illegal Oil Bunkers

The Nigerian Army interrupted illegal oil bunkers’ with a crude oil laden boat in Ughelli South Local Government Area of Delta State, in an operation Crocodile Smile and attacked hideouts of suspected criminals in the creeks of the oil rich region.

Nigeria to Explore for New Oil, Gas Reservoirs

Nigeria is to offer incentives for oil and gas companies to explore the hydrocarbon potentials of green frontier basins in order to increase country's depleting reserves.

Angola Halts Lobito Refinery Construction

Angolan state-owned hydrocarbon company Sonangol has declared that construction work on its 200,000 b/d refinery of Lobito has been suspended in order to to reassess the strategic vision of development and implementation of these projects.

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